Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1887-08-02
TnR GRRAT ~LOCE.UP.n

The situation IL startling. If al
lowed to continue every interest vii
feel Il Every foot Of land will be
come Of less value, every bushsl o
wheat every bushel Of corn, ever,
pound Of cotton will decline in value
On the other hand. If the administra
ton goss to work under the power
given Il BY existing laws, and earn
estly tries to frame new laws for tn.
consideration of the incoming Con
gress, We shall sec such an era o.
prosperity - was never before wit
messed in this land.
With the exception Of some twenty
millions deposited by the Trs.sur,
with National Banks, there il nov
Stocked up" out Of use and drawing
no interest, 10 the United States
Treasury, the vast sum Of nsarl,
>340,000,0o0I
One hundred millions OF this vast
sum the Treasury is obliged to keep
under the laws - Q reserve asains.
United States notes.
Upwards Of another hundred mil.
lions of this vast sum is retained to
redeem the notes of National Banks
failed OF retiring circulation.
There Is no law requiring the Treas
ury to keep this cum looked up. 1t
10 only required to redeem the notes a.
presented.
It will be years before these Ma
tional Bank notes will all come in,
and It 10 more than likely that three
TO fvs per cent will never be pre-
sented.
Should this money lie idle all these
yssrs? II it must then there is some
defect In the National Banking law
which ought to be corrected.
Why Congress should have put it
in the power of National Banks to
nse The Treasury in this way is a seri.
Gus question.
OF the balance Of this vast sum
there 10 retained to meet past due
bonds, discussing officers drafts, P.
o. Department accounts and divers ap.
preparations, nearly seventy million
dollars, just A. if the Treasury was
not receiving from the people every
month upwards Of twenty Eve million
dollars to meet all these things.
For all the above the Treasury Do.
partment may set up a valid excuse;
but, it 80. the next Congress should
soc that something is done to utilize
IS large part of this $27O, 600
- 10 consistent and safe.
Still remaining is $7o,0O0,0Oo, for
which lookup there is no reason or
law except the ruling or wishes of the
Treasury Department.
Its we'll for the people to know
how the Treasury stands.
The following figures are from the
o@eiL statement issued by Secretary
Fairohild, June 30, 1887:
IN THE TREASURY.
Gold ooin and Builisn. ....... .sa7s. 10, ,os "a
ealver-Stsndard Dellsrs. Bullion,
Irede Dollars, and Fractional
ysiisd state: Notes ' - 1ss g. IS
D:Ss:,s.d Ian Il N.s sSss; ~
S67s. ISL. $40 o.
AT Same date the Treasury had OUT.
standing
0cld oesdnestss. ...............$ 81, 325. ls7 90
Q. D N0tss osrtincstss ............. s77O,ooo 90
fhus isavins. with the exception Of w
the little part In the National
bsnhs. "LocKaD Up" In the
~ssufy'".....''...... $751;. 4SS. sos o.
With an outstanding debt of over
one thousand millions, on which the
people are taxed sa4 ,63s, 466 yearly
or interest payments. we would sub.
nit the simple question:
10 it just to the people to keep,
'sar in and year out, s337,O00,0 oO
ooksd up in the Treasury, drawing
- interest and doing no good?
The remedy which most success
plV ,combats malarial disordsrs is
AYERS Ague Cure. It Is q purely
sgstsbls compound, and contains |,
'sithss qainins nor any othe. danger -
~ ingredient. Warranted to cure
Aitis aud fever.
The tonic aad alternative properties
Ayers Sarsaparilla are too we'll Id
nown to require the specious aid of !
D exaggerated or fictitious certificate. !
Witnesses OF marvellous cures effected
, fhis ,rens =. t;on ..a e. a.. I::j